What are the limitation of the International Fama-French Three Factor Model in emerging markets? E.g. why is

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What are the limitation of the International Fama-French Three Factor Model in emerging markets? E.g. why is it unable to explain the average returns?

Also, suggest some readings for empirical evidence?

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Financial Accounting Theory

ISBN: 978-0132984669

7th edition

Authors: William R. Scott

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Posted Date: Apr 05, 2024 03:57 AM

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What are the limitation of the International Fama-French Three Factor Model in emerging markets? E.g. why is

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The Global FamaFrench Three Variable Model an augmentation of the first FamaFrench Three Component Model endeavors to make sense of stock returns by thinking about three factors market risk caught by ... View the full answer

Financial Accounting Theory

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